Corporate wraps 'no threat' to adviser businesses

Announcing it will launch a corporate wrap platform next year, Friends Provident insists it will not seek to bypass advisers with the new initiative. Following much speculation, Friends Provident confirmed it will be launching a corporate platform, working in conjunction with technology specialist FNZ, at some point in 2010. The platform will allow employers to offer pensions, group SIPP and non-pension savings products such as a corporate ISA. An online trading facility will be included, along with financial education tools, and Friends Provident aims to deliver an individual SIPP...